HELOC funding current state

[Rodney Crawford]

Just getting started in the buy and hold rental game in Phoenix and was hoping to fund my first deal with a HELOC from my primary residence. I have 5 calls scheduled with lenders in the coming days but I am hearing that with the uncertain economic times many banks aren't offering or are lowering risk tolerance for these types of loans. Has anyone ran into this and if so any pointers or suggestions of banks that are still lending in this fashion? Thanks.